$$$ Dick Fuld: Protecting the Assets That Remain! [Cityfile]
$$$ Thain to walk away with 'modest' $1.5M [Investment News]
$$$ Auto Lease Trade-In Site Magnanimously Offers To Help Bernie Madoff Out Of Leases [Jalopnik]
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Posted by guest , Jan 23, 2009 5:44PM
$1.5 -Now Thain can decorate the home office.
Posted by guest , Jan 23, 2009 5:47PM
How hot is Shoshanna ? (Cityfile right side)
Posted by guest , Jan 23, 2009 5:58PM
Thain's walking away compensation should be in the form of parchment waste paper baskets and "commode with legs."
Posted by guest , Jan 23, 2009 6:08PM
No Pfizer & Wyeth?
C'mon BOAMerrillWide. Crank the engine!
Posted by guest , Jan 23, 2009 6:48PM
too wide, didn't clops
Posted by guest , Jan 23, 2009 7:33PM
Too $1.5M - didn't decorate
Posted by guest , Jan 23, 2009 8:09PM
Fuld should get some new f'in lawyers, like ones that know that "fraudulent conveyance" and "buying a mansion for $100" are pretty much equivalent. Damn, these Masters of the Universe are stoopid. You can get better advice off of the Interwebs:
http://www.lawguru.com/cgi/bbs/message.php?i=829639938&view=a
Posted by guest , Jan 23, 2009 10:04PM
SNIP from latest piece:
"So, talk to YOUR KIDS tonight and ask their permision to give another $35 BILLION of THEIR MONEY away to Fraudie Mac. Oh, and start laying the groundwork for the big talk with them. No, not the one about sex and drugs. The one about Phoney Mae needing $100 BILLION pretty soon. Let me what they say, and then will let Obama and Geithner know whether they may have OUR CHILDREN'S FUTURE."
dailybail
Posted by guest , Jan 23, 2009 11:30PM
Fuck the FED http://www.youtube.com/watch?v=-6Fpoebz2LE
Posted by guest , Jan 24, 2009 12:19AM
@8
asinine comment
Posted by guest , Jan 24, 2009 2:13AM
you don't have kids.
borrowing $2 trillion this year.then $2 trillion next year.debt will be $15 trillion at the end of 2010.
debt was less than $1 trillion until 1994 i think.maybe you should think.
go here.then keep your mouth shut.
http://www.pgpf.org/
Posted by guest , Jan 24, 2009 8:51AM
@7 Chances of it being resolved within a year close to 0.
Florida home ownership laws very favorable to debtor.
I think it was a smart, educated move. Don't even think the $100 was necessary.
Posted by Seaman Bodine , Jan 24, 2009 9:25AM
Dick Fuld took down a little boutique, which is a Wall Street story. If you were a LEH shareholder, tough shit. You should have sold.
He did not take 50bn in taxpayer capital, under the pretense that his firm was "important". Nobody on Wall Street is actually important. It's like a toll booth operator claiming the highways will shutdown if his stoop is ripped up.
Even if he wanted to, and Skeletor wouldn't give it to him, one way or another he was a hell of a lot less a burden than Mack, Blankfein, and Thain turned out to be.
Posted by guest , Jan 24, 2009 10:19AM
@13 - you are a moron. LEH's bankruptcy screwed more people than shareholders. It also screwed counterparties and customers which led to a lot more pain and uncertainty.
Yes, a lot of banks were in trouble no matter what, but Lehman going down made the whole crisis worse - freezing the credit markets and worsening both the financial system and the economy.
Who knows - if the corporate money markets hadn't been completely fucked, maybe we would have gotten out of this with fewer layoffs and less taxpayer money.
THAT is why Paulson was a jackass. It would have cost a lot less to wind Lehman down in the first place.
The only way cosmic justice could be served is if Paulson's "blind trust" were fully invested in Lehman paper.
Posted by guest , Jan 24, 2009 11:56AM
http://www.nydailynews.com/news/ny_crime/2009/01/24/2009-01-24_commodities_trader_arrested_after_dousin.html
Posted by guest , Jan 24, 2009 12:26PM
i wonder if this is what nadal did...
http://news.yahoo.com/s/ap/20090123/ap_on_fe_st/odd_goat_thief
Posted by guest , Jan 24, 2009 1:54PM
@14: Ah yes, the piteous counterparties. Here's a news flash: loaning money to insolvent companies can mean you'll have to fight for it in bankruptcy. Since the counterparties mispriced counterparty risk, everyone should pay! That's the 'meriken way.
Posted by guest , Jan 24, 2009 2:00PM
@12, Florida is good, that is true, but, if I remember correctly, Florida's vaunted protections only apply to one's "homestead." If that is the case, then why not sell the CT place, move down there, and keep your name on the property. I still think this guy is being too clever by half. Hopefully his wife wakes up and slaps some divorce proceedings on him once all of their property is in her name.
Posted by Lowly Assistant , Jan 24, 2009 4:33PM
15,
Drinking, cocaine, and fire. Pretty standard, if you ask me.
Posted by guest , Jan 24, 2009 6:02PM
Was ML solvent when BAC closed on the deal?
Posted by guest , Jan 25, 2009 12:26AM
Skip to minute 6. I think I found a video of VOL IS KING. Hell yea VOL you crack me up.
http://www.youtube.com/watch?v=egVbEqN0yQI&feature=channel_page
SPODE
Posted by guest , Jan 25, 2009 4:46AM
@bess.about the suddenly missing posts.when you get scooped.best not to erase the proof.people always find out in the end.
db
look forward to the cocktail party where you say:
"damn, DB, packin'?"
"no, cold,but thanks."
db
Posted by guest , Jan 25, 2009 5:03AM
@bess
see something fun.watch how my talking points have been co-opted by blodget and carney.
your children's future tax payments.
requesting money from your kids.
the clusterfolks fail.
dealbraker better not.
`
db
Posted by guest , Jan 25, 2009 5:03AM
@bess
see something fun.watch how my talking points have been co-opted by blodget and carney.
your children's future tax payments.
requesting money from your kids.
the clusterfolks fail.
dealbreaker better not.
`
db
Posted by guest , Jan 25, 2009 8:42AM
Gosh Bess, jealous?
The Other Guy From Delaware
Posted by Seaman Bodine , Jan 25, 2009 11:12AM
@14
I'm a moron? LEH's bankruptcy is the catalyst for C, BAC, WFC, and JPM being completely insolvent?
Dude, get some more bleach in the kitchen.
Posted by guest , Jan 25, 2009 11:47AM
@22/23/24- when did they give you internet privileges at the insane asylum?
Posted by guest , Jan 25, 2009 11:50AM
@TOGFD- i happened to see the comment of yours that got deleted, in which you claimed to know that shoshanna was bad in bed. pretty sure bess deleting it was the equivalent of this convo:
Bus Driver (TOGFD): That Veronica Vaughn (Shoshanna) is one piece of ass, I know from experience dude. If you know what I mean.
Billy Madison (DB): No, you don't.
Bus Driver (TOGFD): Well, not me personally but a guy I know. Him and her *got it on*. Wooo-eee!
Billy Madison (DB): No, they didn't.
Bus Driver (TOGFD): No, no, no they didn't. But you could imagine what it'd be like if they did, right...? Everybody on, good, great, grand, wonderful.
[shouts]
Bus Driver (TOGFD): No yelling on the bus!
Posted by Investorcluzo , Jan 25, 2009 1:04PM
@spode - you may be on the something...my question for you: what are you doing surfing youtube for that type of nonsense? get a girlfriend!
Posted by Anal_yst , Jan 25, 2009 1:36PM
@22-24
WTF? I'll give you the benefit of the doubt that 5am you were blackout drunk, beyond that, I still can't make heads/tails of that rambling nonsense
Posted by guest , Jan 25, 2009 1:42PM
I wonder why I didn't get this when Bess deleted my prior comment: "Comment removed by moderator." (in italics) It's almost like Bess wanted to erase any evidence of my existence. This saddens me.
The Other Guy From Delaware
PS: Oh,and @28 is a putz with way too much time on his hands.
Posted by guest , Jan 25, 2009 1:44PM
@7 - People transfer real estate all the time for $1.
Posted by guest , Jan 25, 2009 7:35PM
@bess
posted a 2nd video by 'walsstreet pro' on the site.his first video is the true genius effort.it has caused quite a fuss.check it out if you haven't seen it.
this one is surprising lucid and also well done.
and yes i might have been drinking a few last night.
dailybail
Posted by guest , Jan 25, 2009 11:35PM
#32, quitclaim you mean?
Cheers B1tches,
Tanned Banker
Posted by guest , Jan 26, 2009 12:48AM
An everyman's look at the Financial Meltdown and Govt Bailouts:
http://www.youtube.com/watch?v=hoEbMrZ5uaA
Warning: lots of cursing.
Don't drink anything while watching.
Posted by guest , Jan 26, 2009 11:06AM
After taxes, Thain's $1.5MM going away present won't cover his $1.2MM bill for the office decor.